Careers

Tag: Medicare

  • Seniors May Be Able to Write Off Medicare Premiums on Their Tax Returns

    Seniors May Be Able to Write Off Medicare Premiums on Their Tax Returns

    Are you age 65 and older, and do you have basic Medicare insurance? You may need to pay additional premiums to get the level of coverage you want. The premiums can be expensive, especially if you’re married and both you and your spouse are paying them. But there may be a bright side: You may…

  • The “Nanny Tax” Must Be Paid for More than Just Nannies

    The “Nanny Tax” Must Be Paid for More than Just Nannies

    You may have heard of the “nanny tax.” But even if you don’t employ a nanny, it may apply to you. Hiring a housekeeper, gardener or other household employee (who isn’t an independent contractor) may make you liable for federal income and other taxes. You may also have state tax obligations. If you employ a…

  • Seniors: Medicare Premiums Could Lower Your Tax Bill

    Seniors: Medicare Premiums Could Lower Your Tax Bill

    Americans who are 65 and older qualify for basic Medicare insurance, and they may need to pay additional premiums to get the level of coverage they desire. The premiums can be expensive, especially if you’re married and both you and your spouse are paying them. But one aspect of paying premiums might be positive: If…